Entries by Daphne Hanson

Free market

Which of the following statements about a free market or capitalist system is FALSE? A. Economic inequality does not exist in a capitalist system   B. Businesses compete with each other for customers   C. It is based on the accumulating profits   D. Consumers benefit by choosing what they want from a range of […]

Production and marketing

8. The economic system  which involves the private and corporate organization of investment production and marketing is called: A. Communism   B. Capitalism   C. Globalism   D. Mercantilism

Central planning economy

In a central planning economy, _____________________have responsibilities for economic planning and decision-making regarding production, medical care and education   A. Financial institutions   B. The Central Government   C. Powerful corporations   D. Wealthy individuals

Economic growth

Economic growth that does not deplete renewable resources for the future is referred to as: A. Controlled development   B. Systematic development   C. Sustainable human development   D. Human development  

Human capabilities

The process of enhancing human capabilities and improving quality of life by providing access to better incomes, education, and healthcare is referred to as:   A. Social advancement   B. Human developmet   C. Economic growth   D. Sustainable human development